Property summary
This exceptional investment opportunity presents a fee-simple, Class A, 6,844 square-foot auto shop in Burlington, NC. Located on a high-traffic intersection (29,000 vehicles per day), this property boasts an absolute NNN lease with Mavis Discount Tire, a nationally recognized leader in automotive services, guaranteeing minimal landlord responsibilities. The lease features a remaining term of 1.2 years, followed by two 5-year options with 10% rent bumps every five years, providing excellent inflation protection. The property's strong financial performance is reflected in a 7.75% cap rate and a current NOI of $200,129. Built in 2000, this single-tenant property sits on a 1.03-acre lot and is strategically positioned as an outparcel to a top-performing Lowe's Home Improvement store, further enhancing its visibility and desirability. The surrounding area features a robust mix of national retailers, including Publix, Harris Teeter, CVS, Wendy's, O'Reilly Auto Parts, and Dunkin', indicating a thriving commercial environment. The property's location within a 5-mile radius boasting an average household income exceeding $75,000 and projected growth of over 4% by 2027, underscores its long-term investment potential. The asking price is $2,582,300, representing a price per square foot of $377.31. This is a 100% occupied property with a lease expiration date of January 30, 2026. This is a truly exceptional opportunity for investors seeking a secure, high-return investment with minimal management requirements.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Auto Parts Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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